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Money services business seen growing 7% this year

KUALA LUMPUR: The money services business in Malaysia is expected to see about 7% growth in transaction volume, driven mainly by wholesale currency, said The Malaysian Association of Money Services Business (MAMSB).


BNM wants code of conduct for money services business

Bank Negara Malaysia (BNM) would like the money services business to establish a code of conduct for the industry in 2014 in order to instil professionalism and good business practices, said BNM Deputy Governor Datuk Muhammad Ibrahim.


Taking money services business to greater heights

THE Malaysian Association of Money Services Business (MAMSB) supported by the Malaysia Digital Economy Corporation (MDEC), hosted a two-day Money Services Business Asia Pacific Conference 2017 (MAPC 2017) at Sasana Kijang, Bank Negara Malaysia, Kuala Lumpur.


Domestic money services business to grow 10%

KUALA LUMPUR: Malaysia's money services business (MSB) industry is expected to grow by 10% to RM130.35 billion this year, up from RM118.5 billion in 2016, mainly lifted by growth in the wholesale currency business.


Bank Negara raids eight illegal money services business firms in KL

KUALA LUMPUR: Bank Negara Malaysia raided eight premises along Jalan Tuanku Abdul Rahman and Jalan Dato’ Keramat here on Tuesday for carrying out money changing and remittance business activities without a licence.


Merchantrade buys money changer Vital Rate

KUALA LUMPUR: Merchantrade Asia Sdn Bhd, the biggest money services business (MSB) provider by agent network in the country, has acquired money changing company Vital Rate Sdn Bhd.


Bank Negara unit reduces number of MSB licensees

KUALA LUMPUR:Bank Negara Money Services Business Regulation Department has managed to reduce the number of Money Services Business (MSB) licensees from 1,000 in 2012 to 354 in 2016.


Telenor Group acquires Prabhu Money Transfer

KUALA LUMPUR: Telenor Group has acquired Prabhu Money Transfer Sdn Bhd, a licensed money services business based in Malaysia that provides international remittance services. The acquisition is for 100% share capital of Prabhu.


Bank Negara hopes to weed out 'black sheep' in the money services industry

KUALA LUMPUR: Bank Negara will continue to keep a close watch on the money services industry and expects the newly-launched Malaysian Association of Money Services Business (MAMSB) to weed out the “black sheep” within the industry.